tomo logo

$405,000

Beds
3
Baths
2.5
sq ft
1,691

394 Arbor Dr, Lakemont, GA 30552

394 Arbor Dr

Lakemont, GA 30552

  • 62 days on market
    • Price drop $10,000↓
Nestled in a serene mountain setting, this charming cabin, crafted by a skilled local artisan, exudes a welcoming rustic charm with its stunning wood finishes throughout. A dramatic floor-to-ceiling masonry fireplace anchors the spacious living area, which features a vaulted ceiling with exposed log beams and flows seamlessly into the bright and airy kitchen/dining room combo. Step outside to the wrap-around covered top deck, an ideal space for entertaining while immersing yourself in the surrounding natural beauty. The upper level is home to a generous master suite with an en-suite bathroom and an additional half bath. On the lower level, a versatile entertaining space awaits, complete with a sitting and gaming area, two additional bedrooms, a full bath, and access to a lower covered deck. An outdoor firepit accessible from both levels adds an extra touch of warmth and ambiance. The property also includes a detached two-car garage and a fenced area perfect for furry family members. Well-maintained and turn-key ready, this cabin is situated on all paved roads, offering both easy access and a quintessential mountain retreat experience. Located close to downtown Clayton, Lake Rabun and easy access to the Highway.

Details

Property type

Cabin

Est. home value

$459,540

Lot size

1.23 acres

Price per sq ft

$240

Year built

2006

Annual property taxes

$2,093.37

Monthly HOA fee

$25

Price History

10/22/2024
GeorgiaMLS

GeorgiaMLS #10370809

Price change
$405,000
-2.41%
09/06/2024
GeorgiaMLS

GeorgiaMLS #10370809

Removed
$415,000
09/05/2024
GeorgiaMLS

GeorgiaMLS #10370809

Listed
$415,000

Schools & Community

Elementary school: 

Rabun County Primary/Elementar

Middle school: 

Rabun County

High school: 

Rabun County

Community features: 

None

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$112,410
Asking price
$405,000
Closing costs (~8% of asking)
-$32,400
Est. remaining loan balance
-$260,190
Cash to seller
$112,410

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Bm Real Estate Services

Loan start date

July 2021

Original loan amount

$280,000

Est. remaining balance

$260,190

Interest rate

2.95%

Loan type

New Conventional, 30 year

Seller

Zachary Claude Morgan and Samantha Marie Morgan

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/05/2024 at 8:45 AM

Listing updated: 10/25/2024 at 3:25 AM

Listed by: Jennifer M. Kyle, Harry Norman REALTORS

MLS: GeorgiaMLS #10370809

GeorgiaMLS logo

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